Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

House Approves Record Debt Ceiling Increase, Reinstitutes Pay-go Regulations

February 9, 2010 by  

House approves record debt ceiling increase, reinstitutes pay-go regulationsThe House voted last week to approve "pay-as-you-go" legislation, which requires Congress to offset tax cuts or the funding of new programs by first reducing spending elsewhere or increasing taxes in a different sector. The new regulations were attached to a bill that will raise the debt ceiling by a record $1.9 trillion.

The pay-go legislation was voted against by every Republican member of the House, who dismissed it as ineffective.

"This is just cover for Democrats to feed their spending addiction through new tax increases, and it does nothing to meaningfully increase fiscal accountability or reduce the deficit and debt," said Representative Mike Coffman (R-CO.), quoted by the Coloradoan.

House leaders utilized an unusual procedural maneuver that allowed moderates to vote for the pay-go legislation without directly supporting the debt increase. The entire bill passed without holding a vote on the issue of raising the debt limit.

"With Democrats sinking the country deep into the red, [the] vote to bring on more debt is simply reckless," said Ken Spain, communications director for the National Republican Congressional Committee.

The bill will now be sent to President Obama, who is expected to sign it into law in the coming days.
ADNFCR-1961-ID-19601521-ADNFCR

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to yousoundoff@personalliberty.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Facebook Conversations

Join the Discussion:
View Comments to “House Approves Record Debt Ceiling Increase, Reinstitutes Pay-go Regulations”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.